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1) Ultra Space Developers Issues NCD Worth Rs 175 Cr For Kalina Project
http://www.dealcurry.com/20100617-Ultra-Space-Developers-Issues-NCD-Worth-Rs-175-Cr-For-Kalina-Project.htm
Ultra Space Developers Private Limited has raised NCD of Rs.175 Cr through private placement to fund its residential project in Kalina, Mumbai.The NCD is primarily secured by first mortgage of the land on which the proposed project is to come up and by pledge of shares held by promoters in the SPV, in favor of the debenture holders for a peiod of 42 months.Nishith Desai Associates acted as legal and tax counsel to the investors.
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2) Manipal Education Sells MNE Technologies To Italy's Ital Telematic
http://www.dealcurry.com/20100617-Manipal-Education-Sells-MNE-Technologies-To-Italy-s-Ital-Telematic.htm
Italy’s Ital Telematic and Biomedical Services (TBS) has bought MNE Technologies for $8.475 mn (Rs.38.2 Cr).The deal values MNE at an enterprise value of 9.5 times its EBITDA of $894,490 at March 31, 2010.Founded in 2000, MNE Technologies Pvt Ltd is a medical equipment servicing firm which was incubated by Manipal Education and Medical Group (MEMG). The transaction marks TBS Group entry in the Indian market.
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3) Binani Cement To BuyBack 20.07% Of Its Equity For Rs130.5 Cr
http://www.dealcurry.com/20100617-Binani-Cement-To-BuyBack-20-07-Of-Its-Equity-For-Rs130-5-Cr.htm
Binani Cement has announced to buy back 14.5 mn shares of the company at Rs.90 each for around Rs.130.5 Cr.The buy-back represents 20.07% of the paid-up equity share capital and free reserves of the company as on March 31, 2010.The offer opens on July 27 and closes on Aug. 10. Keynote Corporate Services is the lead manager to the company’s offer.
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4) ICICI Venture Hires Manikkan Sangameswaran From Babrock
http://www.dealcurry.com/20100617-ICICI-Venture-Hires-Manikkan-Sangameswaran-From-Babrock.htm
ICICI Venture has hired Manikkan Sangameswaran from Babcock & Brown Infrastructure to head its soon-to-be-launched infrastructure fund.Manikkan was chief of Babcock & Brown India Pvt Ltd, the local arm of Australian PE firm Babrock and Brown Ltd.
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5) Reliance Capital Buys 18% in Bloomberg UTV from Promoters
http://www.dealcurry.com/20100617-Reliance-Capital-Buys-18-in-Bloomberg-UTV-from-Promoters.htm
Reliance Capital will acquire 18% in Bloomberg UTV, the business channel promoted by Ronnie Screwvala and Bloomberg LP, for an undisclosed amount.
Post the acquisition the UTV promoters will hold 67% and Bloomberg will continue to hold 15% in the channel. The channel holds the no. 2 position across 8 metros.
Anil Ambani promoted RCL also owns 15% and 10% in Network 18 group and TV Today respectively
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6) ArcelorMittal May Buy Stake in Ramsarup Industries
http://www.dealcurry.com/20100617-ArcelorMittal-May-Buy-Stake-in-Ramsarup-Industries.htm
ArcelorMittal is planning to buy stake in Ramsarup Industries.The acquisition would benefit ArcelorMittal to utilize iron ore mines of Ramsarup for its Orissa steel project.
If the deal materializes, may have a mezzanine structure, where convertible warrants will be issued and would translate into 25% equity on conversion. Later, the strategic investor could raise holding in the company.
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7) Resurgere Mines To Raise Rs 250 Cr Via GDR
http://www.dealcurry.com/20100617-Resurgere-Mines-To-Raise-Rs-250-Cr-Via-GDR.htm
Resurgere Mines & Minerals India Limited plans to raise Rs 250 Cr through sale of GDRs.
The minimum GDR issue price has been fixed at Rs 75 per share.
The company will use the net proceeding of the issue for capital expenditure and to reduce the debt.
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8) IVRCL Infra To Raise Funding For Maharashtra-Goa Highway Project
http://www.dealcurry.com/20100617-IVRCL-Infra-To-Raise-Funding-For-Maharashtra-Goa-Highway-Project.htm
IVRCL Infrastructures and Projects Ltd is looking for a strategic investor in its SPV for Maharashtra-Goa highway project worth Rs.3,100 Cr. It is also planning to sell some of its land bank for Rs.100 Cr this fiscal and will dilute up to 5% stake from its present holding of 80.5% to infuse capital for further investments.
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9) Khazanah Nasional To Acquire Stake In Aman Resorts
http://www.dealcurry.com/20100617-Khazanah-Nasional-To-Acquire-Stake-In-Aman-Resorts.htm
Malaysian wealth fund - Khazanah Nasional is acquiring a controlling stake in Aman Resorts from DLF Limited for about $300-350 Mn. The deal doesnot include Aman Resorts’ New Delhi property.
Goldman Sachs and JP Morgan are advising DLF on the transaction.
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10) Baring PE To Invest Rs 350 Cr in SuperMax India
http://www.dealcurry.com/20100617-Baring-PE-To-Invest-Rs-350-Cr-in-SuperMax-India.htm
Baring Private Equity India plans to invest Rs 350 Cr in SuperMax Corporation's Indian entity - Vidyut Metallics Private Limited.
The company will use the funds to expand its geographical spread and for extensions of the product line.
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11) Rajoo Engineers Ltd Acquires Wonderpack Industries For Rs 30 Cr
http://www.dealcurry.com/20100617-Rajoo-Engineers-Ltd-Acquires-Wonderpack-Industries-For-Rs-30-Cr.htm
Rajkot based - Rajoo Engineers Ltd has acquired Wonder Pack Industries for Rs 30 Cr.
Post acquisition, Wonderpack will operate as a separate division of Rajoo Engineers, under the leadership of Amit Shah, the founder and managing director of Wonderpack, who has joined the Board of Rajoo Engineers.
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